Posted on 07/13/2015 1:52:59 AM PDT by John W
BRUSSELS (AP) -- A summit of eurozone leaders reached a tentative agreement with Greece on Monday for a bailout program that includes "serious reforms" and aid, removing an immediate threat that Greece could collapse financially and leave the euro.
Nine hours after a self-imposed deadline passed, the leaders announced the breakthrough early Monday.
If the talks had failed, Greece could have faced bankruptcy and a possible exit from the euro, the European single currency that the country has been a part of since 2002.
(Excerpt) Read more at news.yahoo.com ...
So how many meters down the road did they kick the can this time?
This is a temporal measure. Depending on German politics this could last as long as 6 months.
"...Greece could have faced bankruptcy..."
Statements like this kill me. GREECE IS BANKRUPT. GREECE IS INSOLVENT. The rest of Europe is not going to pay off Greek debt. Greece cannot float a bond issue. The only thing this agreement has done is, maybe, inject some liquidity to the banking system. It does not change any of the facts.
Surprised?
I’ve been saying it for two weeks, and I’ll keep saying it. To the European Elite (who have as much in common with real people as the GOP Establishment), the loss of a unified Europe is the MOST HORRIBLE thing they can think of - all their plans, dreams, everything they’ve lived for, would go down the drain.
They would MUCH RATHER see their daughters raped and then dismembered, than to have to live with the horrors of a Europe consisting of independent countries - each acting in the interests of its own people.
The Greeks knew it, and (obviously) called their bluff - yet again.
Instead of “BITING THE BULLET”, these European leaders and bankers, have just “KICKED THE CAN” down the road for some body else to take care of in the near future. Europe and the rest of the world will pay a heavy price for their “COWARDICE”. Do they really think the Greek government will abide by this new “AGREEMENT”? Now that they’ve “FORGIVEN” Greece for what they owe, so that they can “BORROW” some more money, what do you think the other European countries that also “OWE” all that money going to do?
We need new world order to equalize the misery and stupidity. Kill the freedom and independence with clusters of Unions and then UN them.
Next step Sharia. Bow your heads infidels......
Shining example in N. Korea, Cuba, Venezuela, Union of Soviet Socialist Republics.
FORWARD to OBAMACHANGE!
FUBO and vote the bastRATs out!!!
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